Tax & Insurance

Understanding tax obligations and insurance requirements for small business owners in the UK. Topics include VAT registration, self-assessment, allowable expenses and choosing appropriate business insurance cover.

Deciding on Your Business Status

Choose the right business structure and register with HMRC to avoid penalties when starting your own venture.

Expenses and the Small Business

Know which business expenses you can claim to lower your tax bill and which ones don't qualify.

How to Reduce Your Tax Bill

Self-employed people can legally cut their tax bill by using an accountant, checking their tax code, and tracking deductions properly.

Insurance for Businesses

Business insurance protects you from unexpected disasters, and different types of cover suit different risks and needs.

Self-Assessment and the Self-Employed

Self-employed workers and business owners need to file a self-assessment tax return each year, here's what forms you need and how to get them.

Tax and the Small Business

Small business owners need to understand their tax obligations based on their business structure to avoid overpaying and penalties.

VAT and the Small Business

Small businesses need to register for VAT once they hit £90,000 turnover, and understanding input and output tax helps you claim back costs.